Bill
Bill > A4998
summary
Introduced
10/24/2024
10/24/2024
In Committee
10/24/2024
10/24/2024
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill provides an exemption from the sales and use tax for the retail sale of energy-saving products and services, including, but not limited to, insulation, LED light bulbs, window caulk, furnace filters, weather stripping, light colored roof shingles, reflective roofing tar or paint, window and door insulation kits, ductwork sealing and repair products, heating and cooling system tune-up services, and tankless water heaters. Under the bill, the term "energy-saving products and services" is defined as products or services that are primarily designed and marketed to reduce energy consumption in residential and commercial buildings. The bill also provides specific definitions for items that are considered energy-saving products or services for purposes of the bill.
AI Summary
This bill provides an exemption from the sales and use tax for the retail sale of energy-saving products and services, including insulation, LED light bulbs, weatherstripping, heating and cooling system tune-ups, and tankless water heaters. The term "energy-saving products and services" is defined as products or services primarily designed and marketed to reduce energy consumption in residential and commercial buildings. The bill also provides specific definitions for the various energy-saving items covered by the exemption. The tax exemption will take effect on the first day of the second month following the date of the bill's enactment.
Committee Categories
Agriculture and Natural Resources
Sponsors (1)
Last Action
Introduced, Referred to Assembly Environment, Natural Resources, and Solid Waste Committee (on 10/24/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/A4998 |
| BillText | https://pub.njleg.gov/Bills/2024/A5000/4998_I1.HTM |
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